I think this trade will take more than a while to breakout.. it looks very much like a triple bottom or even an inverse head and shoulders.
Macy's right now is a great buy considering we are opening up again (not saying this is the end for COVID-19 but the markets will pump).. I would consider taking 75% profits on this trade around 6.50-7.00 for short term plays. Macy's is one of the stocks which has plenty of room for profit.
Macy's right now is a great buy considering we are opening up again (not saying this is the end for COVID-19 but the markets will pump).. I would consider taking 75% profits on this trade around 6.50-7.00 for short term plays. Macy's is one of the stocks which has plenty of room for profit.
Trade closed: target reached:
trade worked out great!